However, his customer base is growing larger and larger. The credit maximum he is able to procure from telephone providers does not allow him with his capital to satisfy the demand. He is therefore requesting this loan to be able to stock up appropriately, and this will enable him to do the best in satisfying his customers and to increase his profit.
The profits will enable him not only to reinvest in his business for expanding his sales outlets but also to meet family needs.
More information about this loan
This loan is part of ACEP Cameroun's new loan program targeting poor clients who require smaller loans thant ACEP normally disburses. The smaller loan size allows clients with micro-enterprises to borrow and repay the funds they need to grow. By supporting this loan, you are expanding financial access to entrepreneurs with very little starting capital, including many who have never taken out a loan.
About ACEP CamerounAgence de Crédit pour l’Entreprise Privée (ACEP) is Kiva's second Field Partner in Cameroon. Founded in 1999, ACEP has developed a strong lending methodology to serve entrepreneurs in Cameroon's urban centers such as Douala and Yaounde.
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Success!! The loan was 100% repaid